Some food prices fall slightly
Some Zimbabwe food prices have fallen slightly, after government decreed fuel retailers to cut the price of petrol and diesel by up to 7,5 percent after a tax cut.
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Some Zimbabwe food prices have fallen slightly, after government decreed fuel retailers to cut the price of petrol and diesel by up to 7,5 percent after a tax cut.
Fuel costs in Zimbabwe are still much higher than anywhere else in the region even after government decreed fuel retailers to cut the price of petrol and diesel by up to 7,5 percent after a tax cut, economic experts have said.
The fiscus is losing $2, 5 billion annually to smuggling of goods, the Zimbabwe National Chamber of Commerce (ZNCC) has said.
The worsening liquidity crisis is costing the formal sector at least US$40 million on a monthly basis, which means that a cumulative US$500 million would have been lost by the end of the year, as employees spend long working hours queuing at banks in the hope of getting the elusive cash
By Paul Nyakazeya The depletion of banks’ nostros accounts has created serious settlement problems for international payments, resulting in most banks having a backlog for telegraphic transfers (TTs) going back as far as April this year, the Financial Gazette’s Companies & Markets (C&M) can disclose. The problems are part of an intensifying cash crisis in […]
The Zimbabwe Revenue Authority (ZIMRA)’s planned rollout of more revenue collection strategies may not produce the desired results because of the economic implosion which has hurt the taxpayers, the Zimbabwe National Chamber of Commerce (ZNCC) has warned. Currently faced by a shrinking tax base, ZIMRA, missed its revenue collection target by six percent in the […]
Zimbabwean food outlets are reportedly selling Brazilian chicken imports which have been embalmed with chemicals normally used to preserve corpses, it has been learnt.
Distressed companies in Zimbabwe can leverage on popular church leaders like Prophet Emmanuel Makandiwa as well as get free prison labour from government.